Nifty showed some volatility yesterday with the VIX touching the levels of 16.
Today seems to be no different and it will be highly volatile.
Like I mentioned yesterday that 10200 is an important level psychologically for the market.
Market did close yesterday above 10200 but then settled later at 10192. As we can see in the chart Nifty respected the levels drawn on the chart perfectly.
Today we can see big short covering rallies and profit-booking too. So the strategy today would be to trade at the levels.
Today seems to be no different and it will be highly volatile.
Like I mentioned yesterday that 10200 is an important level psychologically for the market.
Market did close yesterday above 10200 but then settled later at 10192. As we can see in the chart Nifty respected the levels drawn on the chart perfectly.
Today we can see big short covering rallies and profit-booking too. So the strategy today would be to trade at the levels.
